Zealand Pharma AS (CHIX:ZEALC) Cyclically Adjusted PS Ratio: 13.71 (As of Aug. 16, 2026) — 61% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:ZEALC Zealand Pharma AS CHIX:ZEALC
53 GF Score
Price kr324.05
GF Value kr11,043.83
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Zealand Pharma AS Cyclically Adjusted PS Ratio?

Zealand Pharma AS CHIX:ZEALC +9.70% 53 Cyclically Adjusted PS Ratio is 13.71 as of Aug. 16, 2026, which is 61% below its 10-year median of 34.94. GuruFocus rates CHIX:ZEALC with a GF Score™ of 53/100 and a GF Value™ of kr11,043.83 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 535 Biotechnology companies, Zealand Pharma AS ranks worse than 69.91% on this metric.

As of today (2026-08-16), Zealand Pharma AS's current share price is kr324.05. Zealand Pharma AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was kr23.63. Zealand Pharma AS's Cyclically Adjusted PS Ratio for today is 13.71.

The historical rank and industry rank for Zealand Pharma AS's Cyclically Adjusted PS Ratio or its related term are showing as below:

CHIX:ZEALc' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 11.49   Med: 34.94   Max: 179.77
Current: 13.09

During the past years, Zealand Pharma AS's highest Cyclically Adjusted PS Ratio was 179.77. The lowest was 11.49. And the median was 34.94.

CHIX:ZEALc's Cyclically Adjusted PS Ratio is ranked worse than
69.91% of 535 companies
in the Biotechnology industry
Industry Median: 5.77 vs CHIX:ZEALc: 13.09

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Zealand Pharma AS's adjusted revenue per share data for the three months ended in Jun. 2026 was kr63.449. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is kr23.63 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zealand Pharma AS  (CHIX:ZEALc) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Zealand Pharma AS Cyclically Adjusted PS Ratio Related Terms


Zealand Pharma AS Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Zealand Pharma AS's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Zealand Pharma AS Cyclically Adjusted PS Ratio Chart

Zealand Pharma AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.98 39.48 67.04 143.74 26.44

Zealand Pharma AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.35 24.93 26.44 16.65 11.80

CHIX:ZEALC vs VRTX, REGN, RVMD: Cyclically Adjusted PS Ratio Comparison

For the Biotechnology subindustry, Zealand Pharma AS's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Zealand Pharma AS Cyclically Adjusted PS Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Zealand Pharma AS's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Zealand Pharma AS's Cyclically Adjusted PS Ratio falls into.


CHIX:ZEALC
53GF Score
Zealand Pharma AS CHIX:ZEALC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zealand Pharma AS Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Zealand Pharma AS's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=324.05/23.63
=13.71

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Zealand Pharma AS's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Zealand Pharma AS's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=63.449/122.9700*122.9700
=63.449

Current CPI (Jun. 2026) = 122.9700.

Zealand Pharma AS Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.649 100.200 2.024
201612 6.904 100.300 8.464
201703 2.969 101.200 3.608
201706 0.390 101.200 0.474
201709 1.373 101.800 1.659
201712 0.329 101.300 0.399
201803 0.317 101.700 0.383
201806 0.493 102.300 0.593
201809 0.000 102.400 0.000
201812 0.427 102.100 0.514
201903 0.000 102.900 0.000
201906 0.629 102.900 0.752
201909 0.302 102.900 0.361
201912 0.315 102.900 0.376
202003 0.344 103.300 0.410
202006 5.948 103.200 7.087
202009 1.424 103.500 1.692
202012 -2.415 103.400 -2.872
202103 0.135 104.300 0.159
202106 0.846 105.000 0.991
202109 1.256 105.800 1.460
202112 0.311 106.600 0.359
202203 0.254 109.900 0.284
202206 0.574 113.600 0.621
202209 0.946 116.400 0.999
202212 0.469 115.900 0.498
202303 0.265 117.300 0.278
202306 0.179 116.400 0.189
202309 4.902 117.400 5.135
202312 0.398 116.700 0.419
202403 0.245 118.400 0.254
202406 0.544 118.500 0.565
202409 0.062 118.900 0.064
202412 0.128 118.900 0.132
202503 0.113 120.200 0.116
202506 126.720 120.700 129.103
202509 0.705 121.600 0.713
202512 0.967 121.200 0.981
202603 0.482 121.680 0.487
202606 63.449 122.970 63.449

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 13.71 mean?
Zealand Pharma AS (CHIX:ZEALC) has a Cyclically Adjusted PS Ratio of 13.71 as of Aug. 16, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Zealand Pharma AS and its competitors. This is 61% below median its historical median of 34.94. Over the past decade, Zealand Pharma AS's Cyclically Adjusted PS Ratio has ranged from 11.49 to 179.77. According to the industry distribution chart, Zealand Pharma AS ranks #374 out of 535 companies in the Biotechnology industry, placing it in the top 69.9%.
Is Zealand Pharma AS's Cyclically Adjusted PS Ratio too high?
Zealand Pharma AS's current Cyclically Adjusted PS Ratio of 13.71 is 61% below median its 10-year median of 34.94. Over the past 10 years, this metric has ranged from a low of 11.49 to a high of 179.77. The Biotechnology industry median Cyclically Adjusted PS Ratio is 5.77. Zealand Pharma AS's value of 13.71 is 137.6% above this industry median. Based on the distribution chart, Zealand Pharma AS ranks #374 out of 535 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Zealand Pharma AS has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Zealand Pharma AS's Cyclically Adjusted PS Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Zealand Pharma AS ranks #374 out of 535 companies for Cyclically Adjusted PS Ratio. This places Zealand Pharma AS in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.77. Zealand Pharma AS's value of 13.71 is 137.6% above this benchmark. Historically, Zealand Pharma AS's own Cyclically Adjusted PS Ratio has ranged from 11.49 to 179.77 over the past decade. While the company's 10-year median is 34.94 vs. the industry median of 5.77, Zealand Pharma AS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Biotechnology company?
The median Cyclically Adjusted PS Ratio among Biotechnology companies is 5.77, based on 535 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zealand Pharma AS's current Cyclically Adjusted PS Ratio of 13.71 is 137.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Zealand Pharma AS and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PS Ratio is 5.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zealand Pharma AS's current Cyclically Adjusted PS Ratio is 13.71, which is 61% below median its own 10-year median of 34.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zealand Pharma AS stock overvalued right now?
Based on GuruFocus' analysis, Zealand Pharma AS (CHIX:ZEALC) is currently considered Possible Value Trap. The stock's GF Value™ is kr11,043.83, compared to a current price of kr324.05 — trading 97.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 13.71, which is 61% below median its 10-year median of 34.94 and 137.6% above the Biotechnology industry median of 5.77. Zealand Pharma AS's overall GF Score™ is 53/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Zealand Pharma AS (CHIX:ZEALC), the current Cyclically Adjusted PS Ratio is 13.71 as of Aug. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Zealand Pharma AS (CHIX:ZEALC) Overvalued in 2026?

Based on GuruFocus' analysis, Zealand Pharma AS stock appears to be undervalued. The current stock price of kr324.05 is trading 97.1% below its estimated GF Value™ of kr11,043.83. GuruFocus considers Zealand Pharma AS to be Possible Value Trap.

Key valuation signals for CHIX:ZEALC:

  • Cyclically Adjusted PS Ratio: 13.71 (61% below median its 10-year median of 34.94)
  • GF Value™: kr11,043.83 vs. price of kr324.05 (97.1% below fair value)
  • GF Score™: 53/100 with 7 warning signs
  • Industry Position: 137.6% above the Biotechnology median (#374 of 535)

No single metric tells the full story. See the CHIX:ZEALC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zealand Pharma AS Business Description

Address Sydmarken 11, Soborg, DNK, DK-2860
Zealand Pharma AS is a biotechnology company. It is focused on the discovery, design, and development of peptide-based medicines. The company's product pipeline includes three product candidates in clinical development: glepaglutide, which is being developed to treat short bowel syndrome or SBS; dasiglucagon formulated for use in a dual-hormone artificial pancreas system for diabetes management; and dasiglucagon for use in the treatment of congenital hyperinsulinism. The company has out-licensed a peptide program to Boehringer Ingelheim that has been moved ahead into early clinical development: a once-weekly novel dual-acting GLP-1/glucagon agonist for the treatment of obesity and/or Type 2 diabetes.
53GF Score

Get the complete analysis for CHIX:ZEALC

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr324.05
Price
kr11,043.83
GF Value